The Business Times, 24 February 1978

Microfilm: NL9611
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, FEBRUARY 24, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Dollar slides
      75 1 UPI LONDON, Thurs. The US currency, hit by reports that Arab oil states are Increasingly worried by the weakening dollar, slid lower today against all major currencies except sterling. In Brussels, It sank to a new low of 31.6750 Belgian francs at the opening. In Zurich, the dollar
      UPI  -  75 words
    • Article
      Lock icon It hurts, says Iran
      72 1 UPI. TEHERAN, Thurs. Iran's Minister of Economic Affairs and Finance said the "grossly undervalued" American dollar was "hurting us, hurting the oil prices as well as Opec's reserves." "If the other side cannot take steps to remedy the situation ithen It will be up to us
      UPI.  -  72 words
    • Article
      Lock icon Overcoming barriers
      67 1 Reuter. MANILA, Thurs. Thailand and the Philippines are seriously concerned over the increasing protectionist tendencies In the developed countries which are creating barriers against their Imports Into these markets, a Joint communique said. The communique, issued after a four-day visit to Manila by Thai Prime Minister Kriangsak Chamanand,
      Reuter.  -  67 words
    • Article
      Lock icon Garuda's loan
      49 1 Reuter. HONGKONG, Thurs. Garuda, Indonesia's state-owned airline, is raising a U*****.5 million (Ss26o million), 8V»-year loan at one per cent above London interbank offered rates. Sources said Chase Manhattan Asia will shortly put the loan Into syndication, and that it will not carry an Indonesian government guarantee.
      Reuter.  -  49 words
    • Article
      Stumbling blocks
      61 1 DELEGATES to the Asia-Pacific Council of American Chambers of Commerce start deliberating today on "impediments" to American companies abroad. About 136 delegates from 15 countries will participate in the four-day discussions which will last till Monday morning. The conference's recommendations will then be passed on to the meeting
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    • Article
      Lock icon Eidai's debentures
      70 1 Reuter TOKYO, Thurs. Daiwa Bank will redeem Eidai's external convertible debentures before maturity as their guarantor under a plan being worked out by Law Debenture Corp Ltd, the London trustee of the debentures. Law .Debenture has unofficially Informed Daiwa Bank it will regard Eldal as a defaulter under
      Reuter  -  70 words
    • Article
      Lock icon FASC meeting
      58 1 AFP MANILA, Thurs. Philippine Trade Secretary Troadlo Qulazon Jr. left today for Bangkok to preside over a three-day meeting of the Federation of Asean Shippers Councils. The meeting will discuss the formation of an Association of Asia-Pacific shippers councils to Include not only the Asean councils but those
      AFP  -  58 words
    • Article
      Lock icon Dow Jones
      50 1 UPI. NEW YORK, Thurs. After a mixed opening, prices turned down during the first hour of trading today. Turnover was moderate. The Dow Jones Industrial average was off 2.86 to 746.19 before 11 a.m. Declines led advances, 468 to 360, among the 1,289 issues crossing the tape. UPI.
      UPI.  -  50 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      88 1 Rise >S STP1»75 450 GOrunica 233 BooitMd 219 Tronoh Miaa* OCBC UIC Kmm» DBS Em Sime Darby Fol Peril* Plant FAN zsxgx 330 Is 188 362 -< 308 142 Tyaan Dr* T&MPdb Most active API 190.000 F. Merlin 92.000 S. Darby 07.000 JC-MPH 58,000 Total Turnover: 1.52
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    • Article, Illustration
      In Kuala Lumpur
      163 1 Falls Kramat Tin 0.05 -.25 Prima 2.41 -.13 Jardlne SEA 1.91 -.09 Dunlop Est 3.00 -.06 Atcom 2.63 -.05 O.C.B.C. 5.85 -.05 M Box Bhd 2.15 -.04 P.M.C. 3.08 -.04 M. Banking 3.10 -.04 Rites O. Ceramics 2.38 .08 Boustead 2.23 .06 Supreme Corp 2.91 .08 Matsushita
      163 words
  • Article, Illustration
    Winds of change sweep insurance
    818 1  -  GROUNDWORK FOR ASIAN HUB By SOH TIANG KENG SWEEPING reforms In Singapore's insurance industry will take place under new legislation now being drafted by the Government. The changes will put muscle on a flabby industry by strengthening the financial resources of firms and brokers and
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  • Article
    Round three air talks in KL
    249 1 MALAYSIA and Singapore will hold their third round of formal talks on the air services agreement between the two countries on March 16 In Kuala Lumpur. The second round of talks, held In Singapore, which ended yesterday, were described as very cordial by participants
    249 words
  • Article, Illustration
    US economic strides will be substantial
    629 1 THE US prime rate should reach about 8-3/4 per cent by the end of this year, and the American economy will continue growing at substantial rates, both In terms of employment and output, placing the country in comparatively better position than other Industrial nations.
    629 words
  • Article
    Lock icon Export credit pact renewed
    139 1 UPI TWENTY industrialised nations have agreed to renew their 18-month-old International agreement on export credits despite opposition from Canada and the United States. The countries decided to extend their old agreement under which they grant export credits, but Introduced a new clause that calls for them
    UPI  -  139 words
  • Article
    Lock icon Doubts on Japan's ability to lead a global recovery
    339 1 Reuter. BANK of Japan governor Teiichiro Morinaga aaid given the weak lUtc of the Japanese economy, he ia unsure about the nation'a ability to act aa a "locomotive" in leading the reat of the world towarda economic recovery. Japan feels it
    Reuter.  -  339 words
  • Article
    Lock icon Public row could stall business
    276 1 AP. ECONOMIC Minuter Otto Lambsdorff yesterday warned that the public debate between the United States and West Germany over economic growth could stall business growth. "We ask ourselves and our partners whether the current public discussion over new economic growth initiatives is not counter productive,"
    AP.  -  276 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      23 1 SAFE WITH AN ITOKI SAFE MSMESS ——O SVSTBtt(S)PTE. ITB. 47 Podium Block Go«Jh,ii Piaza. Nwrtoo Po«J S*ng«por« 11 T* 2S2ISM* C«0<« BUSNESTEMS S*rv9«xy«
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    • Advertisement
      Page 1 Advertisements Column 2
      165 1 We havea history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money
      165 words
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      Page 1 Advertisements Column 3
      64 1 CHINA'* top priority oil exploration 2 LONDON stock* 2 LOCAL snail croft in on unenviable position 5 PICA pick* up after vigorous shnkeup I SHIPPING TIMES INDONESIA pats the pest FORUM with John Drysdele: The bankruptcy barometer 7 SHARE information 10 BETTER price* boost Kempa* profit U CROSSWORDS 2, AIRCRAFT
      64 words
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      Page 1 Advertisements Column 4
      0 1 `<"%++@>`!/.\'<!~<}=%/+^[{]'|`"
      0 words
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      Page 1 Advertisements Column 5
      252 1 COPIES ANYTHING. FITS ON A TABLE TOP There Is a Banking and Finance Supplement published today with Business Times to highlight this crucial area of the Singapore economy and examine possible directions for further development. There are contributions from more than a doaen leaders from the financial sector In the
      252 words
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  • TRADE AND INDUSTRY
    • Article
      Peking places top priority on oil hunt
      881 2  -  "r TSANG SAU YIN CHINA is committed to a long-term and anresslve petroleum exploration programme. In fact, oil exploration and development is its No. 1 priority. This view of the country was put across to Offshore South-east Asia Conference delegates yesterday by Mr.
      881 words
    • Article
      Imports cut KL surplus
      278 2 A FASTER growth rate of imports in 1977 kept Peninsular Malaysia's trade surplus below the previous year's level. The surplus for 1977 of M$ 1,339 million was $190 million lower. Exports rose by 12 per cent to reach 511,231 million while imports rose by a higher
      278 words
    • Article
      LONDON STOCKS
      729 2 LONDON, Thury Government bonds firmed by up to one half DOlnt In response to some Investment demand but equities finished lower partly reflecting ICTs full year's results, dealers mid. At 3 p.m. the Financial Times index was down four points at 445.0. ICI Itself finished 4p down on
      729 words
    • Article
      Row over dismissal settled
      223 2 A DISPUTE between the Singapore Industrial Labour Organisation and Preston Corporation over the dismissal of seven workers was settled in the chambers of the Registrar of the Industrial Arbitration Court yesterday. Mr. N. Somanathan, the union's official said that in view of the fact that the
      223 words
    • Article
      Forex seminar
      63 2 INDUSTRIAL and Commercial Bank and Manufacturers Hanover Trust will jointly sponsor a weeklong foreign exchange seminar from Monday. More than 20 foreign exchange dealers will attend. The seminar will be con- ducted at the bank's penthouse by Mr. John Smalley, foreign exchange manager of Manufacturers Hanover's London branch.
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    • Article
      Barriers dim Korea's export target
      155 2 PROSPECTS of Korea reaching a US$l2.5 billion <Ss29 billion) export target this year are dim as the country encounters increasing trade barriers abroad. The official Korean Trade Promotion Corporation said a total pf 156 items are hit by various import reetrictions imposed by 18 countries,
      155 words
    • Article
      Norwegian plant is worth $15m
      467 2 A $15 MILLION Norwegian pharmaceutical plant u to be set up in Jurong to produce intermediates for the US and European markets. A new company, Wleder Pharmaceuticals, with an authorised capital of $5 million has been formed for this purpose. It Is a joint venture
      467 words
  • OVERSEAS
    • Article
      Lock icon Berlin institute disagrees with modest forecast
      384 2 Reuter. THE WEST German economy has moved onto a growth course again after the pause of last year, the Berlin Economic Research Institute said. In its latest weekly report, it estimated gross national froduct will grow by a real .5 per cent in the
      Reuter.  -  384 words
    • Article
      Lock icon EEC's sense of urgency over commodities
      302 2 UPI. A TOP EEC official said he expressed to American officials Europe's sense of urgency for an international support system to assure reliable commodity prices and supplies. Mr. Claude Cheysson, development commissioner of the EEC, also said congressional rejection of an emergency loan fund
      UPI.  -  302 words
    • Article
      Lock icon Orders for durables show big drop
      150 2 Reuter. NEW ORDERS in the US for durable goods fell by U882.93 billion (556.76 billion) or 4.4 per cent, In January, to a seasonallyadjusted 963.24 billion, compared with 'a 6.7 per cent rise in December. The January drop was the biggest since the 7.4
      Reuter.  -  150 words
    • Article
      Lock icon Washington, Bonn to patch things up
      527 2 NYT THE UNITED States and West Germany have privately agreed to end their lingering public argument over whether the Germans are pulling their weight in stimulating the world economy, a source close to Chancellor Helmut 3chmldt said. The open exchange about the ability and
      NYT  -  527 words
    • Article
      Lock icon Morinaga says dollar 'a bit undervalued'
      508 2 Reuter. BANK of Japan governor Tellchlro Morinaga said In his personal view yesterday that the U8 dollar currently seems "a little bit undervalued". Mr. Morinaga said as long as the large US current account deficit continues, central bank foreign exchange market intervention alone cannot
      Reuter.  -  508 words
    • Article
      Lock icon MILLER FACES MORE COPTER QUERIES
      144 2 Reuter. SENATE Banking Committee chairman William Proxmlre (Democrat-Wisconsin) will recall Federal Reserve Board chairman-designate William Miller next week for further questioning about Mr. Miller's Involvement of a helicopter sale to Iran. Mr. Miller is chairman of Textron Inc, whose Bell Helicopter subsidiary sold US$5OO million
      Reuter.  -  144 words
    • WORLD IN BRIEF
      • Article
        Lock icon PRESSURE TO DEVALUE
        469 2 Agencies. THE AUSTRALIAN government* has been strongly pressurised by an important rural lobby group to devalue the dollar by at least 10 per cent. But Prime Minister, Malcolm Fraser, yesterday indicated that the move was unlikely to succeed. The president of the Australian Woolgrowers and Graders' Council,
        Agencies.  -  469 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      630 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Like the gentry who are caught? (8) 7 At such universities, Is a communist a jolly good fellow? (8) 8 Present for male soldiers (4) 10 The balance of children's pleasures (3-3) 11 Man with brol 11 Man with broken leg helping on waahday
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      283 3 DIESEL POWER FOR ASEAN fm m X. vN~«» 7. ■w gf'T tietm v- v; A v,> ■ft >» Ai m Itf i'« 4* ft* A/ V 9# If in **vJK*v *Si? >v >.*** i «x- -J > Jjfi v^, IMB *M t*. N N s X >o| C <•* NfIMM
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      479 4 THE market In Singapore yesterday closed firmer with March One RSS buyers quoted at 206.00 cents per kilo, up 2.25 cents from Wednesday's close. Morning prices rose 1.50 cents on higher London advices, speculative buying, short-covering and some forward enquiries. Prices gained a further 0.75
      479 words
    • Article
      RAS PRICES
      295 4 Prices in cmta per kilo yesterday: Noon Cloee (per kilo) (per kilo) Buyer* Sellers Buyers Sellers Int. 1 R.8.8. prompt f o.b. Int. 1 R.8.8. March 306.00 306.90N 306.00 206.90N 206.00 306.60 306.00 306.90 IntlR.8S.AprU 306.25 306.75 306.00 306.50 Int. 2 R.8.8. 199.79 300.75N 300.90 301.SON UK/Coot 196.79
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    • Article
      SSR AND SMR
      82 4 March A»*il HAS (Ca mat Mtk) <r« Buyw ■ward Mtk) is Seller* (earteparhc) <«■ ■u p*rk() SSR20 <1 ton pallet) 194.00 196.00N 196.00 197.00N 88R90 MRELB (1--ton pallet) 182.00 1M.00N 193.00 196.06N SMR5CV <1--ton pallet) 215.00 217.00 210.00 218.00N SMR5L <1--ton pallet) 209.50 211.50N 210.50 212.90N SMR5
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    • Article
      Palm oil
      78 4 C.I.r. US dollars per ton. LONDON: Pnrieu* Malaysia 5%ffa bulk May Sumatra Wlfa Feb March r June June/July Nigeria MM fa bulk ROTTERDAM: Sumatra Feb Zaire (Belg franc* per kilo) Wri—<«y MO sir 810 sir 830slr/810/82Spd 590 sir/510/580 pd 572 v> sir '555/585 pd 537H pd 537 Vi
      78 words
    • Article
      Closing prices
      28 4 Singapore: March 206.00 cents (up 2.25 cents) Malaysia: v March 209.00 cents (up 2.50 cents) Tin: 51.672 (down S2) Official offering: 169 tonnes (down 71 tonnes)
      28 words
    • Article
      Produce exchange
      387 4 CONDITIONS ruled generally steady in dull trading at the Singapore produce market yesterday. Coffee prices were quoted unchanged by the Singapore Chinese Produce Exchange in spite of easier conditions overseas. Roaster interest in the local market was lacking. Nervousness regarding the sales policies of origins, especially Indonesia, did
      387 words
    • Article
      Hongkong comex
      219 4 THE sugar market eased following New York's overnight trend In very quiet trading with turnover falling to five lots from six. Trade selling was seen at the close and straddle transactlons were noted between May and October at a differential of U50.54 cents. May fell 0.19 cents. Open
      219 words
    • Article
      SPOT PRICES
      201 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cat tea Yara: China Blue Phoenix 20's 1.750. 32's 1.9*0. 40 s 2.150. (per bale of 400 Iba). Piece O'iili: China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq, rlover and Butterfly unq. Dying Oeese unq. (per
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    • Article
      Silver
      82 4 IN LONDON yesterday, values were marked down at the outset of the pre-mar-ket reflecting the overnight drop at New York and easiness in base metals, dealers said. Subsequently the higher gold fix prompted some covering and prices rallied. On Wednesday, silver on the LME lost 1.2 to 1.3 pence
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    • Article
      Straits tin
      187 4 THE Btralts tin price In Penang eased MS2 per picul to *1,672. Turnover fell to 109 tonnes from Wednesday's 240 tonnes, bids being alloted with 10 per cent rationing by smelters. Despite the fall in suppiles of tin concentrates from miners and the steady sentiment In London, the
      187 words
    • Article
      Sugar
      231 4 TERMINAL opened £1.05 to £1.75 down from Wednesday afternoon closing levels In London yesterday. Turnover totalled 1,058 lots. Dealers said prices began easy on continuation of selling triggered off by cheap white sugar sales to Egypt and lack of any constructive influences from the weekly EEC selling tender. The
      231 words
    • Article
      Rice
      274 4 IN BANGKOK yesterday, the price of 100 per cent and 5 per cent white rice rose US$5 per tonne. First grade 100 per cent white rice rose to $407 per tonne from $402, second grade to $392 from $387 and third to $387 from $382. Five per cent white
      274 words
    • Article
      Soybean
      100 4 SOYBEAN futures In Chicago on Wednesday displayed a lack of upward momentum as they retreated from an early advance to close 3V4 to 7 cents a bushel low«r. Soybean oil futures lost their early strength and fell back sharply to close around the day's lows with losses of 0.18
      100 words
    • Article
      Wheat
      85 4 WHEAT futures In Chicago on Wednesday ranged 1/4 to 1-1/4 cent a bushel lower after an hour of trading, being unable to hold small early gains. Prices firmed initially on commission house buying, with Increased export Inspections last week and scheduled export tenders encouraging speculative support However, buying Interest
      85 words
    • Article
      Copper
      298 4 COPPER wire- bars in London yesterday eased by t'13.5 per tonne all round. The movement took Three Months to the lowest levels since Feb. 1976. Dealers said the easier tone was touched off by the overnight drop at New York with commission house liquidation stop-loss and chart selling a
      298 words
    • Article
      Coffee
      121 4 ROBUSTA futures In London yesterday closed the morning about steady £20 lower to i' 9 higher In trading of 1,634 lots including seven options. Spot March halved an earlier loss to close the session 120 down at C 1,637 while July gained l°9 at C 1.427, Arablca futures also
      121 words
    • Article
      Cocoa
      115 4 FUTURES In London yesterday opened £8 to £2 down. Turnover totalled 206 lots. Market sources said values initially eased following slightly lower New York values but trade buying gave some support and ffted prices above the lows t the end of the call. On Wednesday, futures closed at or
      115 words
    • Article
      Gold
      337 4 IN THE Singapore market, the kllobar yesterday opened at 8813,563 and closed at $13,574. In the London market, the metal opened at U*****.70/ 181.00 and closed at $181.00/ 181.30. The London morning fix was US$lB2.BO, up $1.45 from the previous. Retail prices per tael quoted by the Singapore Chinese
      337 words
    • Article
      Lead
      76 4 LEAD In London on Wednesday lost £6 for cash and £5.50 for Three Months. The market continued to lose ground after lunch as fresh selling, chart operations and stop-loss orders pushed Three Months down to a 14-month low of £282 on the kerb. The morning pre-market found some covering
      76 words
    • Article
      Zinc
      80 4 ZINC in London on Wednesday lost £3.50 per tonne all round. Three Months closed the kerb at £238 per tonne. Morning values were steady on the pre-market In line with other base metals with some covering prompted by the newt of Amax's suspended production at its Sauget plant because
      80 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        456 4 THE US dollar feU sharply on the forex market yesterday. Morning rates were fairly steady, but the dollar slid rapidly when the London market opened. Chief gainers were Bwlss francs, yen, and Deutschemark all of which recorded over 100 point rises against the dollar. The dollar/yen rate opened
        456 words
      • Article
        Minimum lending rates
        46 4 acbc 7 ritlkuk tu Biofkok Btnk HART 1 7 Bank of \nwci 7 7H Bank of China 7 Malayan Baakiac Miuui Baali 7 7 Bank Nagara OCBC (S ladoanii OUB 7 7<t UCB 7H CktM Manhattan 7 UMBC 7 DBS 7v* UOB 7
        46 words
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        Asian $ rates
        147 4 Asian rates ASIAN currency mm m at ekom deposit feb 23 interbank 7 dan 1 mth 2 mUu 3mUu lotta f mttu 12 mttu US M OOar ..7 ..71/i .7 VIC ..7 1/1 ,77/t .7 11/16 1/1* am. Pre (■Mi luv^SpM) 7/1 T 7 vie 73/1 7V4 7 13/11 7
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      • Article
        Discount
        9 4 vTf I 11 Source: National Discount Co Ltd.
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      • Article
        Hongkong
        120 4 THE US dollar yesterday closed little changed from earlier slightly weaker levels compared with New York's closing levels overnight. Trading volume was small. The US unit eased to 2.0370/00 marks compared with 2.0880/85 in the US and to 238.40/50 yen from 238.70/90. The Canadian dollar firmed to UBBO.BO/84 cents
        120 words
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        Euro $ rates
        63 4 Euro rates LONDON eurodollar dapoalta opanlna quota* on fab 0: OvarnlgM SO IS-1/S Waafcand I-li/M. l-S/16 Mon/Tua* S-IVJS. S-IS/IS Call two days S-tS/IS. S-IS/M Savan dajn fix and notica 1, S-1/S On* mth 7-1/ S. 7 Two mUu 7-9/10, 7-9/18 Three mths 7-1/2, 7-3/9 Pour mttos 7-9/977-1/1 Plwt mtha 7-3/4.
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      • Article
        London
        298 4 THE US dollar yesterday eased as pressure built up in early trading with the Swiss franc leading other currencies higher against the U8 unit. The dollar traded around 1.8080 Swiss francs against 1.8240/70 overnight while against the mark It fell to 2.0275/85 marks from 2.0375/90. Dealers noted scheduled talks
        298 words
      • Article
        New York
        152 4 THE Canadian dollar on Wednesday closed weaker against the US dollar in moderately active trading after fluctuating In a relatively wide range. The US dollar came under pressure against major currencies although dealers said they detected light intervention from New York Federal Reserve bank. Sterling closed slightly firmer
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      • Article
        Tokyo
        73 4 THE U8 dollar for overnight delivery closed lower at 238.50 yen, compared with a 239.10 opening and 238.90 at Wednesday's close, following small Bank of Japan Intervention. The central bank bought a small amount of dollar at 238.50 yen towards the close to support the U8 currency. Some dealers
        73 words
      • Article
        Australia/NZ
        62 4 AUSTRALIA/NZ exchanges quotes on Feb 23: AUSTRALIA: US dollar 1 ISM/ 1 134® Sterling 5880/ 9612 Ninety-day air mail buying rata Sterling 0.(0)0 US dollar 1 1886 Ninety-day forward buying rates Sterling 0 5888 US dollar 1 1361 NEW ZEALAND Sterling 0 5294/ 0 5288 US doUar *****/ 1
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      • Article
        Zurich
        65 4 ZURICH exchanges closing quotes on Feb 22: US 1 8286 g206 Sterling 3 5088 5816 Qtn 1 8416 8448 Dink 88.8104 79X4 DTI (3 8381 1887 Pfr 38 8148 8788 Bfr 5 73 74 7479 Dkr 31.4403 4045 Nkr 34.3840 3113 Skr 38 5223 9741 Lit 0 2142 3146
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      • Article
        Frankfurt
        42 4 PKANKPUKT «irhangea opening quotes on rib 19: OB 2 0080/10 Can 1.8300/18 Stertir* 3.987/907 DTK 73/86 8 Pr 111.98/***** Ut 2 389/389 P Pr 43.39/49 N Kr 38 22/32 B Pr (eon) 9 389/419 B Pr (fin) 9.88/41 Yen 6 8910/35
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      • Article
        Eurobonds
        248 4 ftraigta BU OPmate9«a7 99 00 90.79 Court* uldi >tf 96 00 KN 00 79 nBK|Hti 97 78 90 90 Ftsonsstc 10W n 100.79 101.90 Inco 6 92 99.90 97.29 lnco9W94 99.19 90 79 SpsrtunkernM 99.99 99.39 07.90 aunt s* WJ SNCF9W94 99.07 00.01 EIBIViM 99.09 00.90 EIBIV. (3 99
        248 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      820 4 NEW ISSUE Thau No Us were offered and sold outside the United States of Amtrua. This annomurmenl appears at a matter of record only. US $60,000,000 The Long-Term Credit Bank of Japan Finance N.V. Guaranteed Floating Rate Notes Due 1983 Guaranteed unconditionally as to principal and interest by The Long-Term
      820 words
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  • TRANSPORT
    • Article
      Asean national policies hit small craft fleet
      602 5 PROTECTIONISM and a lack of maritime cooperation among Ajean countries have severely hampered the development of general cargo and special carriers of less than 2,000 gross tonnes in the region. According to Asian Shipping, a Hongkong-based bimonthly magazine which made Its debut last
      602 words
    • Article, Illustration
      Timber gets a lift...
      221 5 ANRO vessels running the fortnightly Straits/ Australia shipping service axe using a new unltlsed method of- cargo consolidation in the shipment of timber, which promises to benefit the trade. Under the new method, timber consignments are unltised, usually at the wharf, into bundles of about 14
      221 words
    • Article, Illustration
      SHIPS IN PORT
      422 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Able Reefer (1000) 40/41 Cherry Vilja (B. Barge) (1200 after Ocean Supply) 48 Frotakobe (0600 42/43 Ivan Kotlvarevskl (0600 after Vega) 38/39 Longva II (LKUS) (0700 after Golden Eastern) 22 Nikkei Maru No. 5 (B. Clinker) (1130 after Meiru Must starboard to)
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    • Article, Illustration
      NEW MARKET OPENS
      198 5 A NEW market op— with Oil Supply 1, tug-boat designed by Canadian experts, built by Singapore Shipbuilding and Engineering and recently delivered to a Canadian company. It is believed that more such oil field and proceesing equipment will enter the Singa-pore-Canada trade as the regional oil industry
      198 words
    • Article
      Lock icon Freighters flying FOC growing in number
      192 5 AP. FREIGHTERS operating under "flags of convenience" will make ud 40 per cent of the world'* fleet by 1986, If current growth trends continue. West German shipping researchers said on Wednesday. Statistics compiled by the Institute for Sea Economics show that tonnage of ships
      AP.  -  192 words
    • Article
      Wiss takes over
      23 5 THE Singapore Shipowners Association has apBilnted a new chairman, r. J. Wlss, who Is the operations manager of Ned-lloyd-EAC Agencies.
      23 words
    • Article
      Backlog of ship orders halved
      479 5 JAPAN'S backlog of shipbuilding orders last yearend was 518 vessels totalling 8.6 million gross tonnes, less than half the tonnage of 1976. A spokesman for the Shipbuilders' Association of Japan (SAJ) yesterday said the order backlog of tankers, In particular, dropped from 95 vessels totalling
      479 words
    • Article
      Rash of fare cuts will hurt air industry
      188 5 THE RUSH to discount air fares is damaging to the financial health of the US aviation industry. Delta Airlines senior vicepresident (finance) Robert Oppenlander said yesterday the uneconomic discount fares will require the airline industry to "give away" 20 to 40 per
      188 words
    • Article
      Lock icon India helps Libya in civil aviation
      125 5 AFP. INDIA and Libya on Wednesday discussed possibilities of further cooperation In the field of civil aviation. Visiting Libyan civil aviation chief Marie Mohammed Abuzakuk. who called on the Minister of Tourism and Civil Aviation, Puru Shottam Kaushlk, said they were fully satisfied with
      AFP.  -  125 words
    • Article
      Lock icon LONDON FREIGHT
      193 5 AP MORE fixing emerged as New York markets resumed operations after the George Washington birthday holiday, but rate* failed to respond. The U5510.75 (FIO) paid by Continental Grain to the Stream Dolphin for a 28.000-ton US Gulf-Japan grain haul In March 1-10 position was 25 cents below a
      AP  -  193 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      752 5 arrivals Service Local Operator Number Time From KAL KE807 0015 SEL PAA PA005 0215 SFO/HKG CAL CI331 0040 TPE/HKG/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH60" 0910 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP
      752 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      73 5 SHIPPING PAGES Business Times publishes the Shipping Pages 5 days a week from Monday to Friday. From March 1, 1978, the Shipping Pages will cease to be published in The Straits Times but they will be published in Business Times 5 days a week instead. Business Times also publishes a
      73 words
    • Advertisement
      Page 5 Advertisements Column 2
      85 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward i eservations PHASE 1 HOCK SIVSE HILL HIGH-class I ,^e^l? E v S A T KANa OAD LUXURY FITTINGS FREEHOLD LAND Zli:s., «LOAN INSTALMENTS •PROMPT DELIVERY FRESH COUNTRY AIR. .l.ji MM.T-4N AREA OVER 2000Sq.FI.
      85 words
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  • Article
    Break down trade barriers first
    426 6 IT IS heartening to note, above all the static about unemployment and the dumping of goods Imported Into the US, that the largest economy In the world Is still strong and growing. Figures compiled by a leading banker and economist confirm that there is really
    426 words
  • Article
    Sweeping away the cobwebs
    158 6 THE SWEEPING changes that the MAS plans for the Insurance industry Is long overdue. For too long this segment of the finance sector has languished In the shadows, hardly pulling Its weight In economic development. All that could change now. One of the major objectives that
    158 words
  • Article, Illustration
    Vigorous shake-up at Pica pays off
    2228 6  -  Br SIVA ARASU "TIMES, they are achangln'," was the painful realisation that ruefully occurred to the Private Investment Company of Asia (Pica) board of directors in 1976, as they watched the firm receive a hard knock for the second year running. Profits were tumbling
    2,228 words
  • Article, Illustration
    KERRY ST. JOHNSTON IN A NUTSHELL
    138 6 President and Chief Executive Officer of Pica Age: 45 Nationality: British Education:Summerflelds Oxford Scholar of Eton College Scholar of Worcester College Oxford (Honours Degree In Law) Languages Japanese 1941-1945 1945-1949 1951-1954 Military experience: Lieutenant In Xlth Hussars Prince Albert's Own 1949-1951 Busineu career: British
    138 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      114 6 m m 1 j J sinoapura FORUM g» HOTEL tttmniinMi. n in inline 585 Orchard Road, B'pore I. Tel: *****2 Pebble Bar Come and be enchanted by the repertoire of the dynamic duo Adam and Ben (appearing for a short season only). Dally (except Sunday) open till 2 am the
      114 words
    • Advertisement
      Page 6 Advertisements Column 2
      124 6 406/407 Havelock Road, S pore 3. Tel: 4SMSI lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Philllpines). Miss Tang .Ley Sonny Bala The New Moonglows, Anna Mlna (from Japan) and Lotus Tan <i Limited 3 treat you
      124 words
    • Advertisement
      Page 6 Advertisements Column 3
      153 6 Orcchid inn "•n omls in lh« orient" 214 Dunearn Road, S'porc 11. Tel: *****2 Mofegr Dick (24 Hr. Coflbe Hnn) Whet your appetite with our wide variety of Inter-Continental food laid on our buffet lunch table dally from 12.00 3.00 p.m.. Weekdays: Adults $8.00 3H Children 96.00 3% Weekends: Adults
      153 words
    • Advertisement
      Page 6 Advertisements Column 4
      172 6 (godmit gaUI V 7 Oxley RiW Pnuf Road, S'pore Tel: 37*111 Chanticleer Restaurant Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest Ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make your own kind
      172 words
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      Page 6 Advertisements Column 5
      164 6 H SNGAPORE HLTON Ml Orchard Road, S pore t. Tel: *****3 Hin's Heavenly Cookhouse Hin'-s Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese cuisine; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner, a troupe of local
      164 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Mainly fair RKPORT for 21 hours prior to 7.30 pm on Feb 23 at the airport. Maximum Temperature 32.3° C Associated Humidity 62 Minimum Temperature 23.4° C Associated Humidity 95 Hours of Sunshine H Rainfall in Millimetres nil Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      280 6 TV RADIO SINGAPORE 5 3.00 Opening announcements foollowed by Housewives' Matinee My Wife (Repeat) with superimposed English/ Chinese subtitles A Mandarin feature film 4.30 Intermission 6.05 Opening announcements followed by Exercise With Gloria* 6.30 News in Brief 0 6.35 Hazel (Repeat)® 7.05 In Search Of Martians" 7.30 News and Newsreel
      280 words
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  • Article, Illustration
    Lock icon Indonesia is overcoming the past
    1321 7  -  First there was Sukarno, then there was Sutowo both did their bit to bring Indonesia close to ruin. Now there is population pressure, rumours of corruption, unemployment and the spectre of hunger staved off only by rice imports, the economy bolstered up only with a
    UPI  -  1,321 words
  • Article
    Bankruptcy rate is no indicator
    689 7  -  IFOBOM, f 1 0D economics h i •r JOHN DRYSDALE Mr. Drysdale it a director of Asia Research Pte. Ltd. HOW GOOD an indicator of short-term economic prospects is Japan's corporate bankruptcy rate? This fell by 31.2 per cent In January for bankruptcies involving more
    689 words
  • Article
    STRAWS IN THE WIND
    475 7 A REALLY slick PR man for one of the oil-associated industries participating in the current Offshore Southeast Asia Conference at the Hyatt Hotel, seised his chance when It poured with rain one day this week. He had umbrellas printed with his company's name, red on white,
    475 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      418 7 r~ mofico »IC< -.NCAPORE Tanglin Circus, S'pore 10. Tel: *****1 HOTEL Marco Polo Lounge Sink into our soft, velvet, bucket chairs, listen to the soothing sounds of Los Amlgos as our lovely lasses serve you your favourite drink, and watch the world go by Car valets in attendance. HOTEL ROYAL-RAMADA
      418 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      64 7 BriStoW: :T.mk Ih iiinS "nGv/ DOuJN u*t£ST u-rcRRRS eFfo»r T -MG fieNDtSH PfIFFiR Ptr Pu^ftoV-S RNOTM6R «ejOTT»OH SUP F«om *p»p*"nwtUDoo,"»vc Pußcisweßs rs pi6oot pi group or V* CWftGRC.ItRS I U)WO meLT »N HOTeL R BRRseR Nptp^ed WStfgftAfigH GMNSI&RONGO, R vPrnP»C£ CAueo mnmßcuft rmsid ft PRtf? OF MOntODRL V s»pr€seTu)ihJS 1*
      64 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Mixed finish
      940 8 Sew York TIIk stock market, troubled by Um continuing state mate In the coal Industry talks, drifted to a mixed finish on Wednesday, with a rash of merger news providing the only spark to an otherwise dull session. A mild morning rally failed to gain momentum, reflecting concern
      940 words
    • Article
      Toronto
      257 8 SHARE prices closed higher in active trading on Wedneaday with the composite index up three point* and advances leading declines 208 to 1M Banque Provincial du Canada gained 1/4 to IS-1/2, MercanUle Bank 1/1 to 11-5/8 and Canadian Hldrogas 10 cenu to CB3 80. Closing volume totalled 2.007,957 shares
      257 words
    • Article
      Jo'burg
      346 8 OOLD shares moved easier towards the cloae on Wednesday after a steady morning session on the stock market in generally quiet trade. Financial minings were unchanged to easier in equally quiet trade, dealers said. De Beers was off the top at 575 (583) after 578. FEB a Rand INDUSTRIALS
      346 words
    • Article
      Selected indices
      58 8 FINANCIAL TIMES INDUSTRIALS Wednesday 449 9 Tuesday 82** to 82% H.K. HANG SENG Thursday '09 02 Week Ago 453.2 DOW JONES AVERAGE INDUSTRIALS Week Ago 407.80 SYDNEY ORDINARIES Thursday 455.10 Tuesday 749.31 Week Ago 482 28 Week Ago 781.69 LONDON DOLLAR PREMIUM Wednesday 82S to 82% ALL INDUSTRIALS
      58 words
    • Article
      Frankfurt shares up
      156 8 EUROPEAN MARKETS PRICES cloeed generally higher on European bourse* on Wednesday. Frankfurt share* closed higher led by the motor sector, profiting from news of Marrecord vehicle production In Oermany last month, dealers said. In Zurich, prices generally closed slightly higher, but trading volumes was smaller than of
      156 words
    • Article
      Amsterdam
      219 8 FEB a ru Ahold 98 20 •1.S Akso 22 20 unch ABN Bank MS 00 unch AMEV 79 10 -0.3 Arafas 10# TO 4-1.2 Ai.iroi Bank 71.10 +0.5 BtrgtM* W 50 -2 Berk 103 90 unch Boll 71.30 ♦OS BorsumlJ 141.50 -3.5 Burhmann 88 20 unch Byenkorf 78 50
      219 words
    • Article
      Zurich
      183 8 FEB 22 Francs Actions Sulsaes 290 unch Alusulsse Br 1390 10 Alusulsse Reg 550 -2 Brown Boverl Br. 1770 unch ClbaQelgy Br 1300 -25 ClbaOelgy PC 900 unch Ota Geigy Ret 845 *9 Credit Suisse Br 2525 +15 Credit Suisse Reg 485 +5 ElektrcwattBr. 1800 -15 George Fischer Br
      183 words
    • Article
      Frankfurt
      212 8 FEB 22 Dm AeJ-Telefunken M70B uncb AkIO 20 90 +0.1 AUz Leben 639 ♦4 AlliVers 494 +2 BASF 140.90 unch Bay H T Wbank 290 -0.5 Bay Vbank 323B Bayer 139 60 BBC 303 unch BMW 231 SOB Caasella 382 unch Chem Verw 21SB Commercbank 230 SO 1.1 Con
      212 words
    • Article
      Brussels
      93 8 FEB n Fr» FORWARD MARKET Acec 224 -3 Arbed 2300 +45 Astur 422 •13 Braacan 428 +2 Bru-Lamb 1402 -2 Canpac 483 -6 Cock 36* •1 Dc Been 185 unch Ebes 2310 unch Electrobel 5970 20 Ob-lnno-Bm 1880 -5 o«* 1228 -8 Hobok 2545 ♦5 Pelro 3965 15 Ryl
      93 words
    • Article
      Lock icon Continued rise
      388 8 Tokyo Source: DBS-Daiwa REFLECTING Wednesday's bullish tone, share prices continued higher centring on issues with good business and also heavy electrical issues Dow Jones average-5104.25 18.85) 77-78. Hl-low 5287 85 (9/5) 4597.20 (11/24) T.S.E. 383 62 (+0.83) Volume 400 mil (+2O mil) Gainer 385 (-56) Lossers 303 (+56)
      Source: DBS-Daiwa  -  388 words
    • Article
      Sydney
      254 8 The Sydney All-Ordinaries fell 2.28 to 455.10 points, on a total turnover volume of 2.90 million shares. FEB a Omu INDCflmiALS A. C. I 150 unci) A M I i«e A. P. M 113 -1 Ampot Pet M -I B H P M* *2 Bank NSW >11 -4 -I
      254 words
    • Article
      Paris
      275 8 ma rn CORBDULK Alr-Uquide 240 -1 BSNOervau Danonc 354 4-3 cs F(ThomaonCM) 143 +1.S CieFrancaue deaPetrotaa 101 JO +2.2 CompagnJe Financier* Compacnl* General* M +2 Credit Foocler Or France 200.10 -4.1 HacheUe [UbltW) 132 -2.1 Machine*Bull 27 40 ♦0 22 Mtchettn (B) Hit 4-11 Panbai 1(7 U Pechlney Cltlne
      275 words
    • Article
      Manila
      134 8 THE market cloaed mixed yesterday with oils posting a slight decline despite reports of discoveries, dealers said. Minings average also declined while commercials rose. Turnover roae to 3.2 4 million pesos from Wednesday's 2.99 million. FEB a Peao* Aco)e Mining .0074 unch AtlaiCon A 13.40 -0.2 A Urns Con.
      134 words
    • Article
      Bangkok
      131 8 FEB a Bahts Asia Fibre Bangkok Bank Bangkok Invest Bangkok-Metro-politan Bank m 408 411 825 +4 -4 ♦I Bern Jucker Carpet Into] Charoong Thai Wire 538 478 -8 ♦8 Duslt Thanl Faber Merlin First Trust Oenera Finance Indo-Thal Industrial Finance 388 m 483 3818 18 -13 4-1 J And
      131 words
    • Article
      Hongkong
      306 8 THE market eased slightly in dull and featureless trading yesterday. Dealers said the market's lethargy continued ahead of results from the Hongkong and Bhanghal Banking Corp and 1U subsidiary Hang Seng Bank. Hang Seng Index 400.02 0.46), turnover gll.M million. FEB S HKS Amil Rubber Aiaoelated Hotel* 1 MB
      306 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      324 8 4 t h Fly Pakistan International to historic London and 7 other European cities Pakistan International to 8 European cities from 25 Asian cities* Pakistan International flies to more places than most people realise. In Europe, Pakistan International flies to Amsterdam, Athens, Copenhagen, Frankfurt, Istanbul, London, Paris and Rome every
      324 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      751 9 J f' M -i: »*vy vJ" V*3ffi 3v%j 2&£ i"f 3*V s't m y $1! ,";v w > ?r1 «1 $83 *>*>** :.i TS 3wo& v^>- i~ i I k "Putting Business Times to bed each night is a race against the dock. k Cool heads and sharp ejw are
      751 words
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  • Article
    Transactions in Singapore
    1229 10 BID and offer price# officially luted and business In and -reported to the Stock Ex- Range of Singapore yesterday with the number of shares traded shown In brackets in lota of 1,000 units unless otherwise specified. All Time SettleJnent Contracts are quoted the world "sett." Big ißoard
    1,229 words
  • Article
    Government bonds
    72 10 4 3/4% 1/6/79 (250.000) (100.608 100.708) 5 1/4% 16/10/79 (250,000) (101.208 101.258) 6 3/4% 16/6/80 (250,000) (104.008) 4 3/4% 16/9/80 (250,000) (99.608 99.708) 6 3/4% 1/12/66 (250,000) (103.00B) 5% T F 16/4/81 (250,000) (101.70B) 5% T F 16/16/81 (250,000) (101.55B) 5% T F 1/6/83 (250,000) (100.108 100.20S) 5
    72 words
  • Article
    Stock options
    301 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cold Storage (March —61.70) (0.238 0 308): (June 61.70) (0.278 0.388). C aad C (June
    301 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TRUST INCOME BOND UNIT friaai tar Feb 14) (Comal ft tew) The Commerce.... 1.77 1.M INCOME BOND 1.08 1.18 The Saving Fund l.M 1.16 S pore Prog Fund S pore Security Fund 0.84 0.80 MARA BUMIPUTRA FUND 1.69 1.75 (Maaaavr prteea First Bumlputra far Feb ?:S
    147 words
  • Article
    Transactions in Kuala Lumpur
    1257 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded showrf In brackets In lots of 1,000 units unless other- wise specified. INDUSTRIALS AJlnamata (2.188 2 253) AI Mm (2.638 2.655) (3)
    1,257 words
  • Article
    SHARE INFORMATION SERVICE
    2336 10 1177/1*78 Hick Low CM9MJT Sal* Qr'i Dtv 9 DHr Cw (V. Y*M Nat P/R Val cm) Day High Uw SECTION ONE INDUSTRIALS 158 266 119 200 88* 219 189 291 422 148 132 185 58 212 57* 155 144 182 350 91 Ac ma Alcotn Allied Choc
    2,336 words
  • Article
    CHICAGO BOARD OPTIONS
    1398 10 February 22 TRADING on the Chicago Board Options Exchange amounted to 72,242 contracts compared with 70,827 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa 40 11/8 21/16 a 363/8 Alcoa 45 UNTRD 11/16 11/8 30 3/8 Alcoa M UNTRD NOL NOL 36 3/8 Alcoa 90 UNTRD
    1,398 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      146 10 §5 o e« c use study with Wblsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC GCE A Level MCE/SCGCE O Level London AEB GCE A' O Levels Modern Mathematics for Teachers Foulks Lvnch
      146 words
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  • Article, Illustration
    A mild rally by finance shares
    577 11 SINGAPORE FINANCE iseuos staged a mild rally amid barely Steady conditions on the Singapore stack market yeeA mild reaction to the previous day's downtrend was seaa ia the ftnaace sector wttk Develepnoat Baak of Singapore taken four cents higher to $3.M, United Overseas Bank
    577 words
  • Article
    Kuala Lumpur prices remain irregular
    567 11 SHARE prices continued to move Irregularly on the Kuala Lumpur Stock Exchange yesterday, resulting In a slightly mixed close. There was. however, some light follow through Interest when the market, buoyed to some extent by Wednesday's late support, had started off on a steadier note.
    567 words
  • COMPANY NEWS
    • Article, Illustration
      Better prices boost Kempas profit
      718 11 BOLBTERED by rising commodity prices and an Improved output, Kempas (Malaya) had a good year with group pre-tax profit posting a hefty 64 per cent gain to $27 million against only a 15 per cent Improvement previously. Part of the improvement is almost certainly the
      718 words
    • Article
      Taiping Cons turns in creditable results
      429 11 ALTHOUGH Talplng Consolidated, a rubber company under the Slme Darby group, fared less well than its sister companies, Kempas and Benta Plantations for the 12 months ended Dec 1977, Its 24.7 per cent rise in pre-tax profit still represents a creditable Improvement. It has
      429 words
    • COMPANY MEETINGS
    • LATEST RESULTS
    • Article
      Letter to the Editor
      247 11  -  Chan Cheow Kint Managing Director Dear Sir, 23rd Feb, 1978 We refer to your article on our Company by your staff writer, Mr. Chan Bong 800, which appeared in this morning's Business Times and would appreciate If you will publish the following clarification in respect or
      247 words
    • Article
      DIVIDENDS ANNOUNCED
      173 11 Carre* b Date Total far Tttalfcr w« DM* M«UI tkrwr J*ar C.8wwMm 9*(b) Jan 90 Feb 28 5* M AyerMott Feb 3 Feb 28 20S 19* NOT 25* Feb 2 Feb 27 40* 40% Dtowtt 48*< n) Jan 27 Marl 70* M* OTP (1V7I) 19% Feb 14 MarS
      173 words
    • Article
      Veneer confident moves will help
      403 11  -  ■y MANO SABNANI VENEER Products Is confident that its acquisition of a majority stake in a property company and Its simultaneous disposal of wholly-owned subsidiary Trengganu Forest Products will prove to be beneficial to the group in the longer term. Replying to the Stock Exchange
      403 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      668 11 of thinking FINNJET facta: Length 212 8 m Width 25.4 m No. of passengers 1,532 No. of cars carried 350 Two gas turbines, power 75.000 hp Speed 30' v knots And ao. a waste-disposal system that avoids water pollution FINNJET m NMNj -*-"V ;w, > ?:>:: Wartsila are world-famous Finnish
      668 words
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  • Article, Illustration
    GETTING ON-LINE TO NEW BANKING TECHNOLOGY
    588 12 Computerisation as applied to banking takes various forms depending on the size and complexity of the operations and the requirements of management with regard to reporting and cost factors. The on-line system is one technically advanced mode of computerisation particularly suitable for banks with
    588 words
  • Article
    WHYOCBCHAS COMPUTERISED ITS BRANCHES
    358 12 The needs for and benefits of automation were recognised when the Oversea-Chinese Banking Corporation started the project to computerise its banking system in February 1975. A Steering Committee was formed as the guiding body, charged with the overall control of this computerisation project, which was completed
    358 words
  • Article, Illustration
    Leading the way to a new era
    428 12 The Oversea-Chinese Banking Corporation Limited this week reached a new era of development with the completion of its project to computerise its main counter services. The Orchard Road Branch was the first OCBC branch to enter the computer era when its savings accounts
    428 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      315 12 OCBC's three main services Savings, Fixed Deposit and Current Accounts are now fully ON-LINE. You enjoy services speedier and more efficient than ever before. Being ON-LINE, your account is instantly updated. You can deposit or withdraw at any of our 17 Singapore branches which are computer linked. FOR YOUR CONVENIENCE,
      315 words
    • Advertisement
      Page 12 Advertisements Column 2
      23 12 the Bank for all For letters of credit, trust receipts, bills financing, loans and overdrafts, personal loans, fixed deposits, savings accounts, current accounts...
      23 words
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  • Article
    Who acts for whom...
    554 13 Ahli Shipping Sharjah Alpac Line Intrasea Algerian National Line (CHAN) Uni pacific Anh&lng Line Strong will Angkutan Pertain bangan Ea-stem Way Angkutar. P. (Cont. Service) Straits Shipping Apl (American President Line*) «m« Arya National Shipping Ocean Shipping Australia Container Service Star Shipping Australian National Line Jardlne
    554 words
  • Article
    SHIPPING TIMES
    5314 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums Scan Dutch has a Joint
    5,314 words
  • Page 13 Advertisements
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      742 14 SHIPPING IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE S pan P IM| Pen I'Lana Gaaaa H'burg B havan Mm Aaarp Hatutu 6/3 20/3 5/4 1/4 30/3 f mnilii- 12/3 29/3 U/4 li/< 6 4 9/4 •tLwMI 17/3 19/3 23/3 Sapkn Rkkaen U/3 13/3 16/3 4/4 25/4 23/4
      742 words
    • Advertisement
      Page 14 Advertisements Column 2
      705 14 |"g SANKYO LINEI AUSTRALIA SERVICE Mm| Tliipin lniimtT TUE RIVER IN PORT THREE STAR 4/7 Mar SEABLOOM 17/19 Mar SAILED BmS.SYO.MEL 2/3 Mar FREM* AOEi. MEL 15/ IS Mar ADEL. MEL. SYD BANGLADESH SERVICE SEABLOOM 24 FA IN PORT CHITTAGONG. CHALNA GENERAL AfiENTS CONTAINER BOOKING 10*0 AGENTS P KELANG PENANG
      705 words
    • Advertisement
      Page 14 Advertisements Column 3
      841 14 LAND :o: U.S.A./ ASIA SERVICE MID-EAST SERVICE (t«(uw Ury/RMftr Container Srtyycr to Dubai. Damnum. Bandar Abbas. Muscat, and Tehran. Vt! Arrim/Departs' WORLD TIGER V 2 mar 6/6 WORLD LION VI mar2S/2( WORLD TIGER V 3 APKIL U/IS 40TH FLOOR. HONG LEOMG BLOC 16 RAFFLES QUA? SINGCPORF 1 Customer Service Bock
      841 words
    • Advertisement
      Page 14 Advertisements Column 4
      571 14 B F S S C Agents ,r UnvM TEPS MALAYSIA Port Ketfvj T«| 138) 7356 P««*ngT«l *****/***** Compania ArfMrtiM Da lIWIMMII ItwwjwM S. A. C.I. F. "ARGENTINE NATIONAL LINE" IOAOMG FOR DURBAN CAPETOam BUENOS AIRES PATAGOMA ARGENTINA ?s M >, 24/27 MM 2t/» II lar\ Transportation Marrtima Maxicana S. A.
      571 words
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      Page 14 Advertisements Column 5
      558 14 p \\\W/* JARDINE ANTAH Orient Overseas CouiaineA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) mrrm ami m 77/2 CNHrMJII RO2E 7* 4/) NEPTWK PEARt m 8/3 MERCATOR Ml li/3 H HONS CONTAINER JW 28/3 ORIENTAL CMIF m 9/4 ISEAS HIKE 1581 15/4 24/3 26/3 28/3 30/3 1/4 3/4 5/4
      558 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      894 15 OCL Overseas Containers Limited FN soma Ti H/CWTIKXT: MMMM nms if 535ut »£nSS KU>N 1* Apr n A*r 11 Mar cmtaikbiip sbmce nm w/ct«TittMT: tnm r« ikn t.unmrtm mm* srS ss sjs SS sTw ->• cSSS *5 $2 5E «85S s 112 K Tfc 3£F!S:£:£'--i=.-s=a^ SINGAPORE- MAKFIEIJ CWTJUMI SWIGQ. 43CM1
      894 words
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      Page 15 Advertisements Column 2
      1258 15 Ben Ocean A/oßtaervtxaf Ban Una BkjeflMme/Qen Line and NSUO TO OK/CONTINENT (via tax) Dae Snpoore P. Kelenf Fiiwi| Europe PROTESILAUS 26/ 2 Mar 11/11 Mar 1/ I Mar I l<i Bilbao. Amsterdam, Hamburf Dublin, Lirerpaol. OENtLOE 1/1* Mar 11/11 Mar I Apr LiOon. Le.soes, HalL PATBOCLUS 1/ Apr 0/10 Apr
      1,258 words
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      Page 15 Advertisements Column 3
      651 15 BEN LINE m-n hrr II Mir II Iter a Mar 14 Mar IT Mo 1 A*r > l*r t *tr) I* Mar I Mr i Mr Mr (14 Mr) I Mr H Mr <1 <> MrlK Mrl U Mr It Mr n Mr 2> Mr It Mr II Mr Mr
      651 words
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      Page 15 Advertisements Column 4
      953 15 Scan Dutch V EXPRESS cnwTAlliFß SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA S port 1) Mee.lles 2) 3) Mai 2/ I 1 11/ 1 B/ I 1 11/ I JV I 1 *f. m» M n MmM| far. I) >*****—. II lltM. It 'kcceptia; 8 taiMa. MM I* I m,
      953 words
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      Page 15 Advertisements Column 5
      451 15 GUTHRIE BOUSTEAD AGENCIES BANK LOB LTD. IMB FM L t AFRICA ILIVtIANI (Mauritius Reunion. Mombasa Tan I a (eira. Durban, CAPE., Car*'own.. Ptnanj p Mian, 22 2S Mv S m 17,11 ma un i smto afiica fm unmm. kmiu LYKJES ORIENT LINK express service bwlct fmm Singapore TO NOT M
      451 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      924 16 KAWASAKI DON KAMA LTD. nut cwMMomi service to umk (via skd S'port P. KeUrj L Havre HW( Brmet fter NEPTRME CORAL TV 27 Ft* Ftl 22 Mr 24 Mar 25 Mar 21 Mar MEVAUER RRZE TV 4My 5 Mar 22 Mar 30 Mar J1 Mar 1 Api NEPTONE PEARL nr
      924 words
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      696 16 SLCHjgZB Iml'i'.ftl niilr a r*i n in CALCUTTA ri MOE. TOKONAMA: VISHVA OUKTI" (Calk iMtM I Mat) S/ I Kir V I Mar EXNESS PASSENKR/CaISO SERVICE 10 MfiAPATTOUM. MANAS. «IW< P •CMIBAMBA'AM'' Irs M CHIOAMOAIAM" M 'CHIDAMBARAM" V*J U JUMABHOV (V SONS PTE 1 ITD Smg^pofs T«i 91 2511 5
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      905 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: n aft ira aarm P.MHC nuapUM irwi Bn NCPTMHE CORALi il Fat H Ftl 1) Mar 24 to ff to CHEVALIER RWt 4to Sto 27 to 31 to 31 to NEPTUNE KAIL «to 11 to »to S Apr «Mr MESCATBR II to 17
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      492 16 IMID&IW MALAYSIAN INTtHMATIONAI SHIPPING CORPORATION BCRHAO TIL- a *****4. EXPRESS FULLY CONTAINERISED SERVICE TC/FROM MED'CONTINENT/SCANDINAVIA >w»r f. bii>< vnui fbancesca jj t MTumi tLEHOM I*/ SE lAMBI A EIEANMA 4, 1 Ml MirT francesc* it MUMu EIEAMMA VI 1 DIMM FBANCESCA m 1 Ml* CEIIMA »iu *ctmm'm S port 1)
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      646 16 INTRASEA (PTE) LTD House- j-JE Ro.iC Si'v. <•> Telephone 26 1 J j l 4 Kansai Line STRAITS/AUSTRALIA SERVICE S'pore P. Kelang Loading for: Grace Adelaid; 2 Mar 27 Feb Brisbane/ IBuiltJuly 1977) 3JEL, Adelaide. M/V Prairis 31 Mar 28 Mar do— Afiats Support INTRASEA (PTE) HI.-2i52«11-ll«M#-2JMST. YEO SIIPPINC I
      646 words
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  • Page 17 Advertisements
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      349 17 00/00 o v.t Our world bankers worn around the world, around the dock. raft If 3, f v I 5? T'. q V v -vi u 4 Tokyo. 6:07 p.m. K. Furuhata, Fujitzu (left); and H. Tsurumaki, Bank of America, review Fujitsu's expanding program of electronic exports and discuss necessary
      349 words
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      9 17 The Only Credit Card You Really Need. N .40
      9 words
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  • Article, Illustration
    Lock icon The history of development financing here
    2328 18 By ECONOMIC RESEARCH DEPT. DBS THE shortage of capital In less-developed countries (LDCs) has been recognised as one of the main causes of underdevelopment. In LDCs, the problem Is compounded by the absence of an effective financial Infrastructure to mobilise available capital funds, whether
    By ECONOMIC RESEARCH DEPT. DBS  -  2,328 words
  • Page 18 Advertisements
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      285 18 PRESENTING nchdata MCS Pte Ltd a member of the Inchcape Bhd Group of Companies is proud to announce the Inchdata Series of General purpose Mini-computers. By combining all the advantages of the Inchcape Group's own unique knowledge and its International Buying Expertise we have produced a mini that can be
      285 words
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    Management concepts for commodity futures trading
    2654 19  -  By EDWARD LIM A SUCCESSFUL commodity trading programme is composed of two basic ingredients: an ability to diagnose correctly the markets and a knowledge of how to make the best use of the available trading capital. The second ingredient capital management is far easier
    2,654 words
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      341 19 >*< Or V k. f s >v J --V MS- v >£> L v J •V *W ■jf& JkmJh It ■MHBBKvir M B '<•< m Wherever you are therefe an OUB Brandt nearby. We have 25 branches spread over Singapore, all conveniently located So. perhaps we could be forgiven if
      341 words
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  • Article, Illustration
    The time factor in sovereign risk analysis
    1554 20  -  By WONG NANG JANG AMIDST the Increasing complexity of International financing, one major reporting mechanism has persistently been the subject of intense debate. This is known by various names, and the very nature of its nascence means that there is not one accepted
    1,554 words
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      380 20 Better investment and finance opportunities BNP~your link Buying, selling and investing money on the international money markets has been one of the major stimulants to economic growth. One of the key markets is the Asian Dollar Market, of which Singapore is the base. With its vast international network, BNP links
      380 words
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    Enormous potential in bankers' acceptance mart
    2618 21  -  By ONG HOCK CHYE AFTER the successful establishment of US Dollar NCD's In the market, one can easily guess that the next target of the Monetary Authority of Singapore (MAS) will possibly be the Introduction of a bankers' acceptance market. The MAS had a
    2,618 words
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    Boon from Japanese merchant banks
    614 21  -  By Y. SUGIMOTO UP TO THE *****, Japan s economic relations with South-east Asia were basically trading relations, namely Japan's exports of manufactured products and imports of raw materials and foodstuffs. Financial needs during this period were mainly centred on short-term trade financings conducted by
    614 words
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      169 21 Steadily We Grow We re one of Singapore s youngest banks' Considering that the first account, established with us. is just four years old. we have already become a sturdy plant firmly rooted in our garden city. Fertilised by satisfied customers, who entrust their business to us aod who come
      169 words
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      155 21 TH€ CHART€R€D DANK HAS D€€N HCLPING TRADCRS IN W€ST ASIA FOR OVER HALFAC€NTURY Our experience can help yoj trade successfully with West Asia. Approximately 57 years ago. The Chartered Bank established the first bank in Bahrain. Today, it has one main branch. 3 sub-branches and an offshore banking unit (like
      155 words
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  • Article, Illustration
    At the crossroads of S'pore gold exchange
    2495 22  -  By CHARLES PRICE DURING the past year, gold has continued to recover Its potse and consolidate Its position after the traumatic experience of 1970. After opening 1977 at US$l36 per ounce compared with a 1976 low of Just over US$lOO. the price closed
    2,495 words
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      379 22 m K f &2S sm 'M X <5 I T* y S FA Ml sc T r^3y 1% S"'#,' 1. jl w«*W F >' s'J »>■ 1 W*k*€. ./V i*' V *5^ 4 >* > V>v>W > 1 >* c' .'w «W r* SV n *r ft A? S f-/
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      130 22 We're great LISTENERS... ...so, talk to us. Because we stay tuned to what goes on in the world of finance, we can give clear, sound advice. We are constantly developing new and imaginative plans to meet the financial needs of both small and big businesses. As a specialised financial institution,
      130 words
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      181 23 THE COMPUTER SYSTEMS ADVISERS GROUP CONGRATULATES i 5 >• S i S, ft' '-:s. .f- v r w r'* r'' i -3§g£|§pf g?. V ••>;-. > 'V, a£. T-" v. ym fsmmk J? |g v«r is3sB?t® j, 7 &£>£t 2'~ <**$'■ J*, jr*-' ..-sg[pv «U-H..: v J -*ViSteSSfe& bail r
      181 words
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  • Article, Illustration
    Money broking keeps pace with market growth
    2427 24  -  By CHRISTOPHER HUME MONEY broking has continued to grow In Singapore In line with the continuing expansion of the Singapore market. This growth has occurred in the expanding activities of brokers already in Singapore, rather than the growth of the number of broking
    2,427 words
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    The MAS way
    870 24 THE MONETARY Authority of Singapore (MAS) Is very much at the heart of the banking and financial system here, j Unlike its counterparts in more developed centres such as London, it does not i stay at the fringe of local banking and financial activity. The authority Is
    870 words
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      127 24 mecXum&long term finance loans to purchase or construct industrial commercial properties and other fixed assets. loans to developers of industrial, commercial residential projects. hire purchase financing for machinery equipment. J L SINGAPORE FACTORY DEVELOPMENT LIMITED (A wholly-owned subsidiary of The Development Bank of Singapore Limited) Podium 132, Ist Floor, 6
      127 words
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  • Article, Illustration
    Asian dollar bond market matures
    2721 25  -  By TOSHIO KARIGANE CONSIDERABLE changes have taken place since the inception of the Asian dollar bond market in Singapore In December 1971 with the floating of the Development Bank of Singapore US$lO million (5546.6 million) 8-1/2 per cent guaranteed bonds due 1982, lead-managed by Daiwa
    2,721 words
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      710 25 Citibank. N A Member How can Chia Chee Ybong, 35, offer his customers 75 years of banking experience in Singapore? Because he works for Citibank, Citibank's first office in Singapore opened in 1902. So did our first offices in Japan, The Philippines, and Hong Kong Today in Singapore we are
      710 words
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  • Article, Illustration
    Post-war demand fuels the credit explosion
    2093 26 BY OUR REPORTER FINANCE companies In Singapore had their origin as credit companies carrying on business with their customers on a very Intimate basis with no statutory restrictions. The post-war period saw a fervent increase in demand as a result of broader outlook and
    2,093 words
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      186 26 5E PRESS RELEASE PRESS RELEASE PRESS RELEASE PRESS RELEASE PRESS F The Joint Representative Office of BANQUE INTERNATIONALE A LUXEMBOURG S.A. and BANQUE BRUXELLES LAMBERT S.A., opened on January 16, 1978, in Singapore aims primarily to achieve a triple purpose: I.to contribute to a closer linkage between the capital and
      186 words
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    Discount houses act as buffer
    1572 27  -  By SIO TAT HIANG IT MIGHT just have been another day for many on Not 27. 1972, but It is a significant day for the money market for, on that day, the discount market came into being. The Monetary Authority of Singapore, after much consideration,
    1,572 words
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    Reinsurance hub in the making
    2248 27  -  By C. LISTER, P.R. MAJMUNDER UBUALLY, a story, at reinsurers' expense. Is told In insurance circles of the chairman of a big insurance company who announced at the annual general meeting that the company had had a much better year. He was proposing a big
    2,248 words
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      507 27 "They do alottohelp expand our business mm i. This comment is often heard in business circles in South-East Asia where Eurasbank operates a network of full-service branches. Lamipak Industries, Singapore, is a typical example From miodest beginnings the company has grown within the space of a few years to be
      507 words
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    Three letters that do not make a successful banker
    3684 28  -  By HUA PAK CHEONG TO MANY people, regrettably even to some who ought to know better, banking and finance education simply refers to that process whereby a clerk or officer in a bank or financial institution acquires a recognised banking qualification
    3,684 words
  • Page 28 Advertisements
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      483 28 Meet two new systems that double the power range of NCR's 8000 series. The powerful V-8580 The V-8580 is ideally suited for large online and multiple programming applications that take full advantage of the system's virtual memory. It offers still another logical power step in NCR's migration path design. It
      483 words
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    Insurance – trade's true companion
    4925 29  - Insurance trade's true companion By CHEW LOY KIAT INSURANCE has been described as the 'handmaiden of Industry'. It is Just as truly the offspring of trade. Thus, It was natural that early in the history of Singapore, general insurance came to be transacted since Singapore started as a trading port.
    4,925 words
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      233 29 INDCSUEZ \bur tvoridivide full service bank INDCSUEZ NDCSUEZ INDCSUEZ INDCSUEZ INDCSUEZ INDCSUEZ INDCSUEZ O -rx is 111 _r4 v-t < I i [la DE I'IN Incorporated in France with limited liability Shenton House, 3 Shenton Way, Singapore 1. Tel: *****11 (15 lines) Telex: Indocab RS ***** Cable: Indosuez Singapore. P.
      233 words
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  • Article, Illustration
    Life insurance a pillar industry
    2340 30  -  By N.N. HANDA LIFE INSURANCE is one of the most important Industries in Singapore's expanding economy. At the end of 1977, the assets of life Insurance were estimated to be In the region of $460 million. The market value of these assets Is considerably more
    2,340 words
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    Functions of S'pore currency board
    571 30 THE IBSUE of currency In Singapore ts the responsibility of the Board of Commissioners of Currency. The board Issues and redeems notes and coins In accordance with the Currency Act by which it is governed. An Important aspect of the currency board system Is the
    571 words
  • Page 30 Advertisements
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      161 30 c »3K* :•:<-&* r^I .»>- A system that is modular and integrated that can fit your needs now and grow as your operations grow. The IBM 3600 Finance Communication System offers you the total solution in Electronic Banking. Its on-line terminals can handle both teller and administrative services, allowing banks
      161 words
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    Need to quicken the progress of on-line banking
    3304 31  -  By TONY C.C. MOO RECENT events In Singapore point towards further favourable economic climate, where, invariably, banks and finance companies will play an even bigger role than before. Jjich events Include: Jetro (Japan External Trade Organisation) General' Manager's statement ths& as much
    3,304 words
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      335 31 ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD has produced the above publication The Kuala Lumpur Bankers Directory as a service and contribution to the financial community in Malaysia and South East Asia. If your corporation is interested in obtaining a complimentary copy of our publication, kindly write on your business letterhead to our
      335 words
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    Politics of the S-EA oil hunt
    2213 33  -  By R.C. BITTENBENDER II IT IS estimated that between 1976 and 1985 US$2B billion will be spent on exploration for and development of oil and <*Mtural gas resources In f 4ftuth East Asia. •"Although a substantial B>rtlon of this amount will i#ome 'from earnings
    2,213 words
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    Stock exchange the all-important link
    878 33  -  By OUR REPORTER J THE STOCK exchange is an indispensable Unk In the long chain connecting lndlvldual lenders in the economy to borrowers. It provides a secondary market for equities and r stocks to be traded and this In turn makes these securities more acceptable
    878 words
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      189 33 *T« a. •rr«: £l -t t' :*i a* fP < -i:ar: i f 3 S3* k, -v v If} -j>g <•»-' «> ,-/IW "'Sv aftaftp*** V* WE'RE IN SINGAPORE AS WELL. Skandinaviska Enskilda Banken, Sweden and Scandinavian Bank Limited, UK have opened a joint South East Asian regional representative office
      189 words
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    Export credit insurance new here
    2408 34  -  By LING TEN ING EXPORT credit insurance Is a new concept and facility in Singapore. However, it Is a facility that has been available for many years to exporters in the more developed countries such as the UK, France, Japan, Australia, West Germany, and even
    2,408 words
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      256 34 We have 280 offices in 38 countries and we're still growing. We never close. In fact, we open 280 times a day. So there's always a place for you to take advantage of our expertise. After all, we've been Japan's leading international bank for just short of a century. And
      256 words
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    Promising future for Asian $CDs
    1987 35  -  By MITCHELL SHIVERS, C.I. PICKERING MITCHELL E. Shiver, is a viw president of the Merrill Lynch International Banking group and is manager of the ACU for the Singapore branch of Merrill Lynch International (Asia) and Company. CHRISTOPHER I. Pickering is the senior trader for Merrill
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      296 35 Success in today's world of business calls for a constructive approach to financing, a sound knowledge of the available markets, and original ideas. These are the strategic qualities that Wardley can provide throughout Asia. Wardley Limited, backed by the resources and experience of The Hongkong Bank Group, can offer financial
      296 words
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  • Article, Illustration
    Role of financial institutions in economy
    3453 36  -  By LEE SHENG-YI ONE APPROACH to view financial institutions Is to treat them as a vehicle of financing economic development, because they are the intermediary between S&rers and investors, or between lenders (or depositors) and borrowers. This is the traditional view of the classical
    3,453 words
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      394 36 business with and New Zealand? Think first of Australia and New Zealand Banking Group Limited. If you're a businessman looking our way, make sure you look to us. ANZ Bank. Australia and New Zealand's multi-billion dollar bank. As international bankers our reach is wide. We have over 1000 branches throughout
      394 words